Estados financieros detallados de Iveda Solutions, Inc. (IVDA): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Iveda Solutions, Inc. registró ingresos de $5.3M en el último ejercicio fiscal, con un CAGR de 5 años del 28.9%.
Márgenes de los últimos 12 meses: margen bruto 32.2%, margen operativo -68.5%, margen neto -69.2%.
Al precio actual de $0.28, IVDA presenta beneficios negativos (P/E no significativo) y un ROE del -63.91%. La capitalización bursátil es de $3M.
Cuenta de Resultados (10 años)
| Año | 2013 | 2014 | 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $3.3M | $2.2M | $3.1M | $3.7M | $1.5M | $1.9M | $4.5M | $6.5M | $6.0M | $5.3M |
| Coste de Ventas | $2.7M | $1.6M | $2.4M | $2.9M | $991558 | $1.1M | $3.5M | $5.4M | $4.7M | $4.0M |
| Beneficio Bruto | $615867 | $573530 | $681568 | $881411 | $492677 | $832255 | $963501 | $1.1M | $1.3M | $1.3M |
| I+D | 0 | $304121 | $264768 | 0 | 0 | 0 | 0 | $797112 | $363350 | $170800 |
| Generales y Administrativos | $6.6M | $5.5M | $4.0M | $1.8M | $1.7M | $3.6M | $4.3M | $4.3M | $5.0M | $4.3M |
| Gastos Operativos | $6.6M | $5.5M | $4.0M | $1.8M | $1.7M | $3.6M | $4.3M | $5.1M | $5.4M | $4.5M |
| Beneficio Operativo | -$6.8M | -$5.0M | -$3.3M | -$871605 | -$1.2M | -$2.7M | -$3.3M | -$4.0M | -$4.1M | -$3.2M |
| EBITDA | -$6.6M | -$4.9M | -$3.2M | -$761367 | -$1.2M | -$2.7M | -$3.3M | -$4.1M | -$3.9M | -$3.1M |
| Gastos por Intereses | $83625 | $478585 | $397137 | $120223 | $398756 | $273649 | $53323 | $7254 | $26183 | $36509 |
| Beneficio Antes de Impuestos | -$6.9M | -$5.6M | -$3.8M | -$906100 | -$1.6M | -$3.0M | -$3.3M | -$4.1M | -$3.9M | -$3.2M |
| Impuestos | -$69336 | $15826 | $12572 | $8006 | 0 | 0 | $2947 | $18308 | $32385 | $30484 |
| Beneficio Neto | -$6.8M | -$5.7M | -$3.8M | -$914106 | -$1.6M | -$3.0M | -$3.3M | -$4.1M | -$4.0M | -$3.2M |
| BPA | $-16.38 | $-13.26 | $-8.79 | $-1.15 | $-1.92 | $-2.72 | $-2.08 | $-2.07 | $-1.81 | $-1.05 |
| BPA Diluido | $-16.38 | $-13.26 | $-8.79 | $-1.15 | $-1.92 | $-2.72 | $-2.08 | $-2.07 | $-1.81 | $-1.05 |
| Acciones en Circulación (Diluidas) | $415175 | $426715 | $430765 | $792089 | $808108 | $1.1M | $1.6M | $2.0M | $2.2M | $3.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $1.7M | $625618 | $1.5M | $801846 |
| Beneficio Bruto | $517277 | $22615 | $495208 | $438562 |
| Beneficio Operativo | -$214303 | -$1.6M | -$565702 | -$710123 |
| EBITDA | -$206344 | -$1.6M | -$521353 | -$673057 |
| Beneficio Neto | -$221304 | -$1.6M | -$532831 | -$793469 |
| BPA | $-0.07 | $-0.53 | $-0.17 | $-0.07 |
| BPA Diluido | $-0.07 | $-0.53 | $-0.17 | $-0.07 |
Balance (10 años)
| Año | 2013 | 2014 | 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $559729 | $87900 | $206925 | $256969 | $414666 | $1.4M | $7.3M | $4.8M | $2.6M | $5.2M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $376000 | $470486 | $996566 | $895769 | $226614 | $492752 | $1.2M | $281049 | $1.3M | $256699 |
| Inventario | $331437 | $387918 | $176910 | $132747 | $221868 | $344654 | $526470 | $324515 | $148120 | $235958 |
| Activos Corrientes | $2.7M | $2.5M | $2.0M | $1.7M | $985249 | $2.7M | $9.6M | $5.9M | $5.0M | $6.2M |
| Inmovilizado Material | $471182 | $532512 | $189094 | $5807 | $22027 | $38189 | $32911 | $891187 | $68677 | $196036 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $146666 | $126666 | $106666 | $26667 | $6666 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $3.7M | $3.5M | $2.4M | $1.9M | $1.2M | $3.0M | $9.9M | $7.3M | $5.2M | $6.4M |
| Cuentas por Pagar | $688130 | $1.2M | $1.5M | $521540 | $405819 | $62889 | $360395 | $179949 | $730297 | $938560 |
| Deuda a Corto | $224447 | $1.7M | $767845 | $1.3M | $1.4M | $170284 | $463817 | $348771 | $549032 | $328732 |
| Pasivos Corrientes | $2.7M | $4.0M | $3.4M | $4.3M | $4.5M | $3.4M | $2.1M | $1.5M | $2.3M | $1.3M |
| Deuda a Largo | $364370 | 0 | 0 | 0 | 0 | $338803 | $190776 | 0 | $376188 | $114904 |
| Pasivos Totales | $3.2M | $4.2M | $4.1M | $4.6M | $5.0M | $3.8M | $2.3M | $1.5M | $2.7M | $1.6M |
| Reservas | -$21.8M | -$27.5M | -$31.9M | -$36.5M | -$38.3M | -$41.4M | -$44.7M | -$47.9M | -$53.2M | -$56.4M |
| Patrimonio Neto | $521809 | -$756392 | -$1.6M | -$2.7M | -$3.7M | -$777279 | $7.6M | $5.8M | $2.5M | $4.8M |
| Deuda Total | $588817 | $1.1M | $767845 | $1.3M | $1.4M | $509087 | $654593 | $348771 | $925220 | $443636 |
| Deuda Neta | $29088 | $1.0M | $560920 | $1.0M | $964033 | -$876188 | -$6.7M | -$4.4M | -$1.7M | -$4.7M |
| Capital Circulante | -$3307 | -$1.5M | -$1.4M | -$2.6M | -$3.6M | -$750084 | $7.5M | $4.5M | $2.7M | $4.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $3.3M | $5.2M | $5.6M | $4.8M |
| Activos Totales | $5.8M | $6.4M | $7.9M | $7.0M |
| Pasivos Totales | $2.0M | $1.6M | $2.0M | $1.6M |
| Patrimonio Neto | $3.8M | $4.8M | $5.9M | $5.4M |
| Deuda Total | $769235 | $443636 | $272916 | $778051 |
Flujo de Caja (10 años)
| Año | 2013 | 2014 | 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$6.8M | -$5.7M | -$3.8M | -$914106 | -$1.6M | -$3.0M | -$3.3M | -$3.2M | -$4.0M | -$3.2M |
| Amortizaciones | $221902 | $225531 | $191507 | $24510 | $25695 | $15016 | $17801 | $19753 | $31805 | $21584 |
| Compensación en Acciones | $336402 | $373000 | $216700 | $131712 | $165167 | $801908 | $120581 | $104600 | $122600 | $376000 |
| Cambio en Capital Circulante | $1.2M | -$654285 | $215642 | $1.1M | $1.0M | -$78311 | -$2.4M | $364880 | -$683333 | $638027 |
| Flujo de Caja Operativo | -$3.6M | -$5.0M | -$2.7M | $304470 | -$145568 | -$2.0M | -$5.4M | -$2.6M | -$4.4M | -$2.0M |
| Inversiones (CapEx) | -$157230 | -$268650 | -$27442 | -$1496 | -$21915 | -$24513 | -$14165 | -$878205 | -$2608 | 0 |
| Adquisiciones | 0 | 0 | $18130 | $4664 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | -$2956 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$3.8M | -$5.3M | -$2.7M | $302974 | -$167483 | -$2.0M | -$5.4M | -$3.5M | -$4.4M | -$2.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$317006 | -$252421 | -$927120 | -$1.4M |
| Inversiones (CapEx) | $1201 | -$109 | 0 | $4 |
| Flujo de Caja Libre | -$315805 | -$252530 | -$927120 | -$1.4M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | $376000 | $12000 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2013 | 2014 | 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -34.6% | +40.5% | +22.1% | -60.4% | +29.2% | +133.0% | +45.4% | -7.3% | -12.3% |
| Crecimiento Beneficio Neto (anual) | | +16.8% | +33.1% | +75.8% | -75.3% | -87.2% | -11.5% | -23.8% | +3.9% | +19.7% |
| Crecimiento BPA (anual) | | +19.0% | +33.7% | +86.9% | -67.0% | -41.7% | +23.5% | +0.5% | +12.6% | +42.0% |
| Cambio en Acciones (anual) | | +2.8% | +0.9% | +83.9% | +2.0% | +38.3% | +43.6% | +24.3% | +10.4% | +38.2% |
| Crecimiento FCF (anual) | | -40.6% | +49.2% | +111.3% | -155.3% | -1092.1% | -171.6% | +35.8% | -27.0% | +54.2% |
| Margen Bruto | 18.4% | 26.2% | 22.2% | 23.5% | 33.2% | 43.4% | 21.6% | 16.4% | 21.6% | 24.1% |
| Margen Operativo | -203.3% | -226.9% | -108.6% | -23.2% | -82.8% | -142.1% | -74.5% | -62.2% | -67.6% | -61.1% |
| Margen EBITDA | -196.3% | -225.8% | -103.6% | -20.3% | -79.4% | -141.3% | -73.2% | -63.1% | -64.6% | -58.9% |
| Margen Neto | -203.3% | -258.8% | -123.2% | -24.4% | -108.0% | -156.4% | -74.9% | -63.8% | -66.1% | -60.6% |
| Margen FCF | -112.7% | -242.4% | -87.6% | 8.1% | -11.3% | -104.1% | -121.4% | -53.6% | -73.4% | -38.4% |
| Tasa Impositiva Efectiva | 1.0% | -0.3% | -0.3% | -0.9% | -0.0% | -0.0% | -0.1% | -0.4% | -0.8% | -1.0% |
Datos por Acción (10 años)
| Año | 2013 | 2014 | 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-9.08 | $-12.42 | $-6.25 | $0.38 | $-0.21 | $-1.79 | $-3.38 | $-1.74 | $-2.01 | $-0.67 |
| Dividendo por Acción | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $415175 | $426715 | $430765 | $792089 | $808108 | $1.1M | $1.6M | $2.0M | $2.2M | $3.0M |
Qué mirar en Industrials
Aeroespacial, defensa, maquinaria, transporte. Semi-cíclicos. Clave: backlog, márgenes operativos, y conversión de FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — El mejor indicador de disciplina operativa en industriales
- ROIC — Industriales de calidad tienen ROIC >15% — el resto destruyen capital
- FCF conversion — FCF / Net Income — en industriales bueno >85%
- Deuda neta / EBITDA — Industriales cíclicos con deuda alta sufren mucho en recesión
- Capex / Ingresos — Mantener la maquinaria. <4% = posible infraversión (deterioro futuro)
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
Rentabilidad
| Rentabilidad sobre capital | -63.91% |
| Rentabilidad sobre capital invertido | -50.68% |
| Rentabilidad sobre activos | -45.33% |
| Margen bruto | 32.22% |
| Margen operativo | -68.54% |
| Margen neto | -69.24% |
Salud financiera
| Deuda / Patrimonio | 0.14 |
| Ratio corriente | 5.19 |
Ratios Clave (10 años)
| Año | 2013 | 2014 | 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -6.84 | -5.55 | -4.73 | -16.70 | -12.33 | -51.76 | -2.13 | -2.45 | -2.73 | -0.80 |
| P/VC | 89.11 | -41.52 | -11.00 | -5.70 | -5.16 | -202.52 | 0.94 | 1.74 | 4.35 | 0.54 |
| P/V | 13.90 | 14.37 | 5.83 | 4.06 | 12.89 | 82.07 | 1.60 | 1.56 | 1.81 | 0.48 |
| Margen Bruto | 18.4% | 26.2% | 22.2% | 23.5% | 33.2% | 43.4% | 21.6% | 16.4% | 21.6% | 24.1% |
| Margen Operativo | -203.3% | -226.9% | -108.6% | -23.2% | -82.8% | -142.1% | -74.5% | -62.2% | -67.6% | -61.1% |
| Margen Neto | -203.3% | -258.8% | -123.2% | -24.4% | -108.0% | -156.4% | -74.9% | -63.8% | -66.1% | -60.6% |